As traders, we know how important it is to backtest our ideas with precision and flexibility when analyzing trading strategies. The 0DTE Backtester enables us to backtest 0DTE and next-day options strategies by leveraging 1-minute historical data.
The backtester includes multiple technical indicators so we can evaluate a strategy's pervasiveness in multiple market environments.
Traders often have a checklist of their favorite entry and exit criteria for positions. Research tools should be no different. The backtester includes multiple entry and position criteria, including VIX, IV Rank, daily change %, reward/risk ratio, bid/ask spread filter, and much more.
We can also mix and match one or more technical indicators for ultimate customization and detail:
* values inside parentheses are the indicator's lookback period. These are default values and are based on a daily timeframe.
We can easily compare and combine multiple backtests to see how adding, removing, and modifying indicators can impact a strategy's performance.
Plus, don’t forget that you can always create a bot from any backtest to instantly automate your ideas!
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